PIPPIN has gained a total of 495% over the past 30 days, but in the last 4 hours, it only increased by 0.71%. This明显放缓的表现已经显露疲态. Even more concerning, 24-hour liquidation data shows short positions liquidated at $1.01 million, and long positions also liquidated at $410,000. The 双杀局面 confirms that the main force is conducting a fierce shakeout at high levels.

From a technical perspective, the MACD golden cross is turning into a death cross, which is a clear signal of short-term upward momentum exhaustion. The current price repeatedly oscillates around 0.50, with trading volume continuously shrinking, as both bulls and bears wait for a critical point to choose a direction.

Regarding key resistance levels, 0.51 is the first hurdle, and 0.57 is a strong resistance zone. Breaking through these two levels in one go is quite difficult. Support levels to watch closely are: 0.4, which is a short-term lifeline. If it is effectively broken downward, the next support will be at 0.336.

From an operational standpoint, consider reducing positions gradually or lightly shorting in the rebound zone of 0.55-0.57. If the price directly falls below 0.48, any rebound should be viewed as a shorting opportunity—do not easily catch the bottom. Only when the price drops to the 0.336-0.35 zone and stabilizes is it worth participating lightly in rebound plays.

Technical analysis indicates that in the short term, the price is likely to perform a final诱多 within the 0.50-0.57 range, followed by a quick correction testing the 0.4 support. The transition between golden cross and death cross often signals that after a sharp rise, a correction is a normal market rhythm. Patience is key to catching the next opportunity.